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In this tutorial, Colton from Custom Excel Spreadsheets explains how to create a quote form for a business using Excel. He starts by opening a blank spreadsheet and advises saving the file to avoid losing work. Colton suggests entering generic information such as the company name, address, and contact details at the top of the spreadsheet. The focus is on setting up a template that can be reused, rather than perfecting the formatting at this stage. He emphasizes the importance of establishing a framework to include all necessary elements on the quote form, which can be refined later.